Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered Wednesday 8 May
    • High Yielding Mixed Use Investment
    • Multi Let Retail/Office Opportunity
    • Let to Two Tenants with Three Suites Vacant
    • Producing £55,500 per annum
    • Asset Management Potential
    • Upper Parts Outside of 1954 Act
    • Development/Conversion Potential (stp)
    • Guide Price Reflects 8.53% Gross Yield
    • Virtual Tour Available

    Description

    The property comprises a multi let, mixed use, investment opportunity occupying a prominent central position in Staines.

    Arranged across basement, ground and two upper floors, the property is let to two tenants and producing a total aggregate rent of £55,500 per annum.

    The property benefits from a strong tenant mix, with the ground floor let to Chancellors Estate Agents and a suite to the upper parts let to a recruitment agency. There is a vacant suite to the first floor and the second floor is fully vacant.

    The property includes six dedicated parking spaces which are currently allocated to the occupational tenants.

    The property also offers immediate asset management opportunity via the letting of the vacant suites combined with longer term development/conversion potential (subject to obtaining the requisite consents).

    The property sits with a prominent frontage to Market Square and Clarence Street and forms part of the principal commercial area within Staines. The pedestrianised High Street is immediately to the east and the principal river crossing for both vehicles and pedestrians is to the west.

    Additional information

    Tenure

    Freehold

    Tenancy

    Please see the below tenancy schedule and legal pack for more information.

    Planning

    Whilst there are no extant planning consents, plans have been drawn up for a development to convert the upper parts to four residential units.


    There may also be potential to increase the total accommodation via an additional floor (subject to existing leases and any requisite consents)

    Rent

    £55,500 per annum
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums